Several of Britain’s largest lenders told the Financial Times the Bank of England’s UK-US bank capital requirements comparison is flawed, saying it ignores a growing Wall Street advantage from large-scale digital/software investment. A recent study cited by banks finds US lenders gained an edge after deregulatory moves under the Trump administration, partly because regulators treat bank software investment differently. The lenders are lobbying the new UK government to relax post-2008 capital rul

The Wall Street Journal reports NVIDIA is negotiating to provide about $250 billion in financial guarantees to support a large OpenAI data‑centre project. The guarantees would help OpenAI lease a 10 GW data‑centre development in southern Ohio being built by SoftBank. Total project costs, including chips deployed in the centres, could exceed $500 billion, making it the largest announced data‑centre project to date. Power for the project is controlled by the U.S. government and Japan will separately fund power under a recent trade agreement; U.S. Commerce Secretary Lutnick has been involved in power allocation decisions. Under the proposed arrangement NVIDIA would back a suite of financing instruments to bolster lenders’ confidence; terms are not final and the deal could still fall apart. The $250 billion guarantee would cover debt for leasing and construction but would exclude NVIDIA chips.

YONHAP: Bank of Korea says semiconductor manufacturing output will account for more than 10% of South Korea's total manufacturing output in 2024.